Profit Sharing Interests. Subject to the terms of this Agreement and the Limited Partnership Agreement, as of January 1, 2017 the Partnership may issue 1,000,000 PSIs to the Limited Partner and each of the other Operating Partnerships may simultaneously issue an equal number of PSIs to the Limited Partner. The Limited Partner acknowledges and agrees that the number of PSIs held by the Limited Partner may be increased or reduced (including to zero) by the PMC Chairman in accordance with the terms of the Limited Partnership Agreement.
Appears in 3 contracts
Samples: Partner Agreement (Och-Ziff Capital Management Group LLC), Partner Agreement (Och-Ziff Capital Management Group LLC), Partner Agreement (Och-Ziff Capital Management Group LLC)
Profit Sharing Interests. Subject to As of the terms of this Agreement and the Limited Partnership Agreement, as of January 1, 2017 Admission Date the Partnership may issue issued 1,000,000 PSIs to the Limited Partner and each of the other Operating Partnerships may simultaneously issue issued an equal number of PSIs to the Limited Partner. As of the date hereof, the Limited Partner continues to hold the same number of PSIs in each of the Operating Partnerships and holds such PSIs subject to the terms of this Agreement and the Limited Partnership Agreement. The Limited Partner acknowledges and agrees that the number of PSIs held by the Limited Partner may be increased or reduced (including to zero) by the PMC Chairman in accordance with the terms of the Limited Partnership Agreement.
Appears in 3 contracts
Samples: Partner Agreement (Sculptor Capital Management, Inc.), Partner Agreement (Sculptor Capital Management, Inc.), Partner Agreement (Sculptor Capital Management, Inc.)
